Steve Jobs Ranked 43rd Richest American In Forbes Annual List


Steve Jobs portrait by Joy of Tech:

For someone’s who makes makes only $1 a year, Steve Jobs sure is rich.

Jobs has been ranked 43rd on Forbes annual list of the 400 richest Americans — his highest ranking yet.

Jobs has a net worth of $5.1 billion, Forbes says, thanks mostly to nearly $4 billion worth of stock in Disney. Jobs became the largest individual Disney stockholder after the company bought Pixar in 2006.

“Best investment: bought Pixar from George Lucas in 1986 for $10 million; created string of hits (Finding Nemo, Toy Story). Sold to Disney in 2006 for $7.4 billion in stock,” says Forbes. “Today is Disney’s largest shareholder; stake worth $3.9 billion.”

Last year, Jobs placed 61st on Forbes’ list, and despite a decline in net worth of about $600 million, he comes inside the top 50. The economic climate hasn’t been as kind to other billionaires, poor souls. His previous highest showing was 49th place in 2007.

Jobs climbed up the ladder thanks to a massive 90% rebound in Disney’s stock price, and a similar doubling of Apple’s. Just six months ago, in the middle of the slump, Jobs slipped to 178th place.

Jobs has drawn only a $1 annual salary from Apple since returning to the company, although he has received massive stock option grants and a private Gulfstream jet.

Microsoft’s Bill Gates remains at the top of the list for the 16th year in a row, despite a drop in worth of $7 billion. Gates still has $50 billion to his name.


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